Revealed: how Brits plan to save money in 2016 – Your Money
Research commissioned by GoCompare found that just under half (48%) of UK adults will use money-off coupons, vouchers and apps to avoid paying full price for a range of goods and services, while 44% will use benefits from loyalty and cashback schemes to cut their spending.
Other tactics for saving cash include setting a budget, reviewing or cancelling mobile phone contracts and walking or using public transport instead of cars.
The survey of 2,002 people also revealed that 10% are “seriously worried about their finances” and 6% said they rely on credit cards to make ends meet.
It also revealed that:
- 30% of Brits plan to try and reduce their outgoings in 2016
- 14% of those surveyed said they run out of money before the end of the month
- 11% expect to have a credit card debt for most of 2016.
Here are the top 15 ways Brits will aim to save some money:
Matt Sanders, money spokesperson at Gocompare.com said, “Making money go further is a key theme in many of the nation’s money savings tactics – whether that’s using vouchers and coupons to get discounts and freebies or shopping around for a better deal on insurances and household utilities. Collectively, these money saving tactics can save you hundreds of pounds in the course of the year on a range of goods and services.”